WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were pulling back Thursday morning, continuing to follow the downturn in comparable oils.
Crude oil, Chicago soyoil, European rapeseed and Malaysian palm oil were lower, while Chicago soybeans were mixed and soymeal was higher.
The Canadian government announced Thursday that tariff talks with China are to resume this fall. China's remaining duties on Canadian canola will be included among the items to be discussed.
A report said less canola is being utilized for U.S. biofuel production than the Environmental Protection Agency had forecast.
Ahead of Tuesday's planted area reports from Statistics Canada and the U.S. Department of Agriculture, estimates for U.S. canola called for a record 2.7 million acres in 2026-27.
